Agriculture: PPCBL recovers Rs 1.24 billion Kharif loans

January 15, 2013

The Punjab Provincial Co-operative Bank Ltd (PPCBL) recovered Rs 1.24 billion Kharif crop 2012 loans till January 10, 2013, Registrar Co-operatives Punjab Dr Arshad Mahmood said here on Monday. He said the co-operative bank advanced Rs 1.22 billion agriculture loans among 49,729 farmers through 7741 co-operative societies for sowing, maturing Rabi crops till 10th January.

The bank has earmarked Rs 2.30 billion for giving loans to small farmers for Rabi crops 2012-13 till January 31, 2013. The Registrar has directed the field staff to recover the remaining amounts of loans for Kharif crops 2012 and the long non-performing loans on priority basis.

Courtesy: BR